DRich

Oil Hits $140: What Could Trigger a Reverse?

Paul Sterman,
The brokerage houses said $150 by July 4 and $200 by year end. Most everyone says these are forecasts. But unless you really believe that BRICs are ever increasing demand with the IMF stats showing world economic slowing & subsidies being withdrawn, those numbers are merely the statement of fact. Unless limits are placed on non-industrial use futures contract holdings are implemented, you've been told what the future is.